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1/14 Gold Trading Strategies
Trading Strategy:
SELL 2677-2684
TP 2664-2652
Resistance is located between 2677 and 2684, while support is between 2656 and 2648.
On the 1-hour chart, this pullback has not broken below the support zone, so the overall trend remains bullish. During this rebound, the key resistance lies in the 2677-2684 range. If the resistance is not broken, a retest of the support becomes inevitable. Based on the current indicators and market structure, the probability of a breakout seems low. Therefore, the trading strategy is to focus on shorting around the resistance zone.
SELL 2677-2684
TP 2664-2652
Resistance is located between 2677 and 2684, while support is between 2656 and 2648.
On the 1-hour chart, this pullback has not broken below the support zone, so the overall trend remains bullish. During this rebound, the key resistance lies in the 2677-2684 range. If the resistance is not broken, a retest of the support becomes inevitable. Based on the current indicators and market structure, the probability of a breakout seems low. Therefore, the trading strategy is to focus on shorting around the resistance zone.
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